Tag archives: cyber attack

The Business E-mail Compromise attack – what your company should know to prevent attacks and recover fraudulent wire transfers

Data Protection Report - Norton Rose FulbrightThe Federal Bureau of Investigation (“FBI”) issued Public Service Announcement (“PSA”) I-082715a, updating a previous PSA describing the “Business E-mail Compromise.” The FBI defines the Business E-mail Compromise as “a sophisticated scam targeting businesses working with foreign suppliers and/or businesses that regularly perform wire transfer payments. The scam is carried out by compromising legitimate business … Continue reading

Cyber Attackers Targeted by US Treasury Department OFAC Sanctions

Data Protection Report - Norton Rose FulbrightOn April 1, 2015, President Obama issued Executive Order 13694, creating a new sanctions program that targets the growing and evolving threat posed by cyber-attacks.  The Order authorizes sanctions against those who seek to use cyber-attacks to harm critical infrastructure, target network availability, and steal sensitive information, such as trade secrets and personal financial information. … Continue reading